The Republic of Austria, the three federal provinces of Styria, Carinthia and Upper Austria and industry are participating in the project. On balance, EUR 280 million will be invested over a five-year period. The center will be located in Villach, Linz and its headquarters in Graz. It will commence full operations at the beginning of 2019 and employ a workforce of about 400 people in the first five years.
Sabine Herlitschka, CEO of Infineon Austria, said that “Silicon Austria" is “the right instrument at the right time.” It will enable “the critical mass to be bundled.” The industrial community behind the project are the most research-intensive companies in Austria. 200 firms with 70,000 employees generate annual revenue of EUR 80 billion.